Bellevue Office Space
For Sale
$21,500,000
1745 114th Ave SE, Bellevue, WA 98004
Office space for rent at 1745 114th Avenue SE.
Property Size32,573 SF
Price / SF$660.06
Days on Market159
Property Features for 1745 114th Ave SE
General Information
Standard status
Active
Size
32,573 SF
Class
B
Property subtype
office
Properties For Sale
at 1745 114th Ave SE Contact usAvailable Space Immediate
Floor
1
Size
36,056 SF
Type
Office
Term
Negotiable
Available Space Immediate
Floor
2
Size
32,573 SF
Type
Office
Term
Negotiable
Listing Agency:
Seattle
(206) 607-1700
Listed By:
Jake Bos · License #118317
(425) 974-4086
Source:
Property.jll
Added: May 14
Changed: Oct 12
Last Checked: Oct 19 at 3:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seattle
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Investment Insights
Based on property information with market context.
Located at 1745 114th Avenue SE in Bellevue, WA 98004, this commercial real estate offers office units and office spaces for rent.
Key Highlights
- Office space available for rent
- Prime commercial property
- Located at 1745 114th Avenue SE
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$710,613
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,212,260
$14.2M
Cap Rate 7%
$10,151,614
$10.2M
Cap Rate 9%
$7,895,700
$7.9M
Market Conditions
NOI Build-Up for 32,573 SF
Gross rent
$1.17M $36.00/SF
− Vacancy
−$225.1K −$6.91/SF
EGI
$947.5K $29.09/SF
− OpEx
−$236.9K −$7.27/SF
NOI
$710.6K $21.82/SF
Area
Bellevue, WA
Vacancy
19.20%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,212,260
Cap Rate 7%
$10,151,614
Cap Rate 9%
$7,895,700
Alternative Uses
Best Use
Office B
$10.15M
$8.88M – $11.84M
NOI $710,613 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.08M
$13.19M – $17.59M
NOI $1,055,365 @ 7.0% cap · market cap 4.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 98004, WA
39,136
Population
20,977
Households
1.9
Avg Household Size
37
Median Age
76%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
5,361
Density / Sq Mi
$176,367
Median Household Income
$120,667
Median Earnings
$2,706
Median Rent
$2,000,001
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Office space for rent at 1745 114th Avenue SE.
Where is this office unit located?
The property is located at 1745 114th Ave SE Bellevue, WA.
What is the asking price?
The asking price for this property is $21,500,000.
What are key features of this property?
This property features: Office space available for rent; Prime commercial property; Located at 1745 114th Avenue SE
